Overview — Bailey Special Risks, Inc. Directors & Officers Liability
Bailey Special Risks, Inc. (BSR) offers a dedicated market for Directors & Officers Liability (D&O) insurance designed for agents and brokers placing professional management liability for both private and not-for-profit organizations. Through relationships with domestic and select overseas underwriters, including United States Liability Insurance Group, BSR places standalone D&O policies as well as package/combination forms that can include Employment Practices Liability (EPLI) and Fiduciary Liability coverages.
Ideal Accounts and Appetite
- For-profit middle-market and privately held companies looking for D&O protection for senior management and board members.
- Not-for-profit organizations such as charities, school boards, associations, and foundations seeking tailored D&O and fiduciary solutions.
- Companies that want combination products (D&O + EPLI + Fiduciary) for streamlined placement and consolidated limits.
BSR’s appetite generally includes organizations with conventional governance structures and typical management exposures. While each submission is underwritten on its own merits, the program is well suited to accounts that have clear risk management practices and standard reporting histories. Publicly traded entities or accounts with active securities litigation should be referred for prior market review.
Coverage Highlights and Advantages
- Access to admitted and non-admitted options through established carrier relationships, allowing flexibility on form and capacity.
- Availability of standalone D&O or package forms that permit inclusion of EPLI and Fiduciary coverages to create a consolidated management liability policy.
- Markets that will consider both for-profit and not-for-profit exposures, with underwriting tailored to the organization’s size and governance profile.
- Placement expertise for multi-layer placements and coordination across primary and excess markets when higher limits are required.
Underwriting Notes and Submission Guidance
When submitting to BSR’s D&O program, provide a complete picture of the organization’s governance and controls. Typical underwriting items include:
- Current financials and recent annual reports (as applicable).
- Organizational chart and details on key executives and board composition.
- Claims and loss history, including any employment or fiduciary claims.
- Copies of prior D&O, EPLI, and Fiduciary policy forms and loss runs when available.
While specific minimum premiums and terms vary by carrier and state, BSR’s underwriters will evaluate each account for the most appropriate structure—standalone or package—based on exposure and capacity needs.
Territories and Availability
This program is available in the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MN, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WV, WI, WY.
Availability and admitted status can vary by state and by carrier. Discuss state-specific placement options with BSR early in the submission process to identify the best market fit.
Why Work With Bailey Special Risks, Inc. on D&O
- Market access: BSR maintains relationships with key domestic and overseas writers, including United States Liability Insurance Group, which helps secure competitive capacity and tailored forms.
- Specialized focus: As a wholesale broker experienced in management liability, BSR understands the nuances of D&O, EPLI, and Fiduciary exposures across public, private, and nonprofit sectors.
- Broker support: BSR works with agents to structure submissions that reflect governance strengths, helping secure more favorable terms and broader coverage opportunities.
Example placements you might bring to BSR: a regional nonprofit seeking combined D&O and Fiduciary coverage for its board and employee benefit plan, or a privately held manufacturing firm looking for standalone D&O limits with EPLI included as an option.
Frequently Asked Questions
What types of organizations are a good fit for BSR’s Directors & Officers program?
BSR’s program is designed for both for-profit middle-market companies and not-for-profit organizations. Suitable accounts typically have standard governance practices and limited prior securities activity. Larger or publicly traded entities may require referral to specialty markets.
Can EPLI and Fiduciary coverage be included with D&O?
Yes. BSR places both standalone D&O and package/combination forms that can include Employment Practices Liability and Fiduciary Liability, allowing you to consolidate management liability exposures under one policy when appropriate.
Which carriers participate in this program?
BSR places business with a select panel of domestic and overseas writers. United States Liability Insurance Group is one named market; carrier availability will depend on state, account size, and exposure profile.
What information should I include in a submission?
Provide current financial statements, an organizational chart, details on key executives and board composition, and complete loss runs or claims history. Prior policy forms and limits help underwriters assess continuity of coverage and potential gaps.
Are placements available in my state?
BSR’s D&O program is available in the listed states. Coverage availability and whether an admitted or non-admitted market is used can vary by state and carrier—submit early for state-specific guidance.
Need help placing an account? Connect with a market specialist.